Members of the Bank of Japan’s policy-making board last month expressed concern about the yen’s weakening, pointing to the risk that a weak currency would lead to higher prices, which in turn could affect consumer demand and the overall economy, according to minutes of the June policy meeting released Monday.
“A few members pointed out that while the effects of the yen depreciation varied depending on the economic entity, it was necessary at this point to pay more attention to the negative effects of the depreciation, mainly on real household income and sentiment,” the minutes said.
The minutes of the Bank of Japan Policy Board are published approximately six to eight weeks after the meeting.
